W.H. Council of Economic Advisers Member: Biden Getting 'Checks in Pockets' Helped Cause Demand Surge and High Gas Prices

On Tuesday's broadcast of CNN's "New Day," White House Council of Economic Advisers member Jared Bernstein stated that "the supply of oil isn't enough to meet the demand that's a result of this really quite strong American economic recovery." And that "because of the Rescue Plan, the president helping get shots in arms and checks in pockets, we know we've pulled this recovery forward very significantly" which is "putting some pressure on the demand side of the economy, well before many forecasters thought that would be the case."